$PNUT /USDT Trading Signal – Attempting a Rebound From Key Levels 🚀
The $PNUT /USDT pair is trading at $0.6047, down -7.03%, after testing its 24-hour low of $0.5920. Buyers are stepping in, attempting to recover from the sell-off, as the token reclaims short-term EMAs.
Entry Range:
$0.6000 - $0.6100
Targets 🎯:
Target 1: $0.6200
Target 2: $0.6350
Target 3: $0.6550
Stop Loss:
$0.5900 (to manage downside risk)
Observation:
$PNUT is showing signs of recovery as it bounces above the EMA(7) at $0.6019 and the EMA(25) at $0.6041, while the EMA(99) at $0.6117 acts as immediate resistance. Sustained buying pressure is required to test and break above $0.6200 for further upward momentum.
Trading Tips:
Take partial profits at Target 1 to secure gains.
Move the stop-loss to breakeven once Target 1 is achieved.
Monitor trading volume to gauge strength behind the rebound.
Caution:
While recovery efforts are visible, bearish momentum remains present. Enter cautiously and confirm a breakout above $0.6117 for stronger bullish confidence.